Tristar Tech Center Reaches 100% Occupancy

DALLAS – Georgia-based Mimaki USA Inc., a Texas newcomer, and Rhema Inc., a local firm, have leased the balance of the class A industrial space in the 80,791-sf Tristar Tech Center in the DFW Airport submarket. Joe Santaularia, market director of Bradford Commercial Real Estate Services of Dallas, and Brock Wilson, senior vice president and managing partner, have achieved 100% occupancy within six months of winning the assignment from Tristar Tech Center LP of Clayton, Mo. The market's new tenant, Mimaki USA, was represented by Brendan Smith, also one of Bradford's market directors. Mimaki USA has tapped 13,464 sf at 8080 Tristar Dr. in Irving for its sixth regional distribution center in the U.S. The Suwanee-based company is a leading manufacturer of wide-format inkjet printers and cutters for sign graphics, industrial products and textile and apparel markets. Moving from right down the street into 8,346 sf is Rhema Inc., a distributor of medical supplies that was represented by Sean Sunby of CBRE. Both companies have signed long-term leases for their distribution centers, which are being set up now. Tristar Tech Center, situated on a five-acre tract, had 21,810 sf of empty space when the Bradford team won the assignment. "Mimaki was a fast-moving deal. It needed to be in now and we accommodated that," Santaularia says. Wilson attributes the fast lease-up to an aggressive campaign with "boots on the ground, door-to-door cold calling and mass marketing of the project over and above the norm." There are now six tenants in the 14-year-old, single-story project, acquired in April 2010 by the Missouri investment group.

"We leased this up under the tenant improvement expectations and over the rent expectations," Santaularia stresses "The DFW Airport submarket has a lot of velocity right now, with lots of tenants moving around and expanding."    

February 10, 2014

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